Mr. Simpson, 70, has long overseen the investment portfolio of Geico, the insurance company Berkshire owns, which is now valued at more than $4 billion. He is also the only man other than Mr. Buffett who has managed stock investments in Berkshire’s portfolio.
Mr. Buffett is a big fan. “He is the kind of person we are looking for: smart, classy, loyal,” he said of Mr. Simpson in a telephone interview on Friday. But Mr. Simpson is just six years younger than Mr. Buffett, who has written that “for the long term, though, we need a different answer.” Continue Reading »